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Summer Internship: Quantitative Supervision

Company: 03C Federal Reserve Bank of Philadelphia
Location: Philadelphia
Posted on: January 16, 2022

Job Description:

CompanyFederal Reserve Bank of Philadelphia The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.The Federal Reserve Bank of Philadelphia is seeking a graduate student for a summer internship for the Credit Risk Management unit in our Supervision, Regulation & Credit (SRC) department. The intern will work on literature review, data analysis, and econometrics models for ongoing research projects. He/she will also contribute to the development of early warning supervisory models. This will be a 40 hours per week position for the 10-week summer internship. The Federal Reserve Bank of Philadelphia is seeking an undergraduate junior, senior or graduate level or Ph.D. level or recent graduate college student for a summer internship for the group in the Supervision, Regulation & Credit business unit. The intern will support the ongoing development and maintenance of early warning risk models: Consumer Compliance Risk; Safety and Soundness Risk; BSA. The intern will work on literature review, data analysis and econometrics models for ongoing research projects evaluating the impact of student loans on wealth accumulation by minority students. - -The intern will also assist the team with other ongoing analytical and modeling work. Required Skills:Proficiency in SAS, R, Python, STATAInterest in Machine Learning/Artificial Intelligence Preferred Skills:Good written and oral communication skillsGood presentation skillsGood initiative and creativityGood problem solving skillsGood attention to detailGood organization skillsData analysis, econometric models' development and validation, literature review. Other Requirements: Certain eligibility rules apply. Applicants must be able to provide work authorization to prove their eligibility to work in the United States. We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment. A requirement of this position is that you will be fully vaccinated against COVID-19 or qualify for a medical or religious accommodation. All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the to ensure compliance with conflict of interest rules and personal investment restrictions. Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. - Employment may not begin until the Bank accepts the results of the background investigation.All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time. Learn more the Philly Fed and its culture. Learn more about for the Philly Fed. Full Time / Part TimePart timeRegular / TemporaryTemporaryJob Exempt (Yes / No)NoJob CategoryWork ShiftFirst (United States of America) The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Keywords: 03C Federal Reserve Bank of Philadelphia, Philadelphia , Summer Internship: Quantitative Supervision, Other , Philadelphia, Pennsylvania

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